Financial Deepening, Stock Market, Inequality and Poverty: Some African Evidence

This study provides evidence for the relationship between private credit, stock market indicators, income inequality, and poverty. Using annual data that ranges from 1992 to 2018 on 9 African economies. We had applied estimation method of Autoregressive Distributed Lag Model (ARDL) model long-run effect. Besides, we use Dumitrescu Hurlin Panel causality test checking direction causality. The results estimates indicate indicators have a significant positive impact inequalities, but negative Further, our findings show credit adversely reduces inequalities. Our also establish short-run causalities among Poverty.